South Indian Bank Home Loan - http://www.loansandcredits.in/apply-south-indian-bank-home-loan/
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Apply South Indian Bank Home Loan

Apply South Indian Bank Home Loan :- accompany a double favorable position - tax cuts and lease sparing. Both these components contribute towards the EMI outpouring.Gratefulness in the property estimation is an extra reward. We guarantee that our clients get most extreme advantages through their home loan.[/vc_column_text][/vc_column][/vc_row][vc_row 0=""][vc_column width="1/2"][contact-form-7 id="3150"][/vc_column][vc_column width="1/2"][vc_column_text]

 

South Indian Bank Home Loan

Purpose

• Purchase ready to occupy/Repurchase of flat/house aged up to 20 years


• Purchase of land and Construction of House. (In cases where plot is purchased and construction is undertaken at a later stage, declaration to be obtained from the borrower that he intends to construct a house on the said plot with the help of bank finance)


• Purchase of Flat or villas under construction in Housing Projects approved by bank.


• Additions to the house / flat (Since Estimate/plan/permit is available & equivalent to new construction, no restriction on loan amount).


• Alteration / Repair/ Reconstruction to the house / flat.


• Reimbursement of Expenses incurred within two years for Flats/ Villa under Construction, and Purchase of Ready to occupy Flat/ Villas.


• Takeover of Housing Loans.

Target Customers

Resident Indian

• Salaried (Employees of Government, PSU, MNC, Listed companies and reputed Public and Private limited companies only)


• SENP (Self employed non professional) Manufacturers, Traders, Wholesalers, Retailers, Service Providers


• SEP (Self employed professionals) Doctors, CA, CS, ICWA, Architect, Engineer


• Agriculturist


• Senior citizen / Pensioner

Non-Resident Indian

Age

Minimum	21Years
Maximum	75 Years

Amount

Minimum	Rs 2.00 lacs
Maximum	Rs 1500.00 lacs

Tenure

Minimum	5 Years
Maximum	30 Years or 75 years whichever is less

LTV

Up to 90%

Interest rate

• Attractive interest rate at:


• MCLR (6 Months) +0.10 % (concession of 0.05% to women borrowers)


• MCLR (1 Year)

Eligibility

Minimum Bureau Score of 600

Features

• Security for the loan will be Mortgage of Land and building to be constructed/Purchased


• Repayment period may be extended beyond retirement, if pensionable


• Surrogate Program available–  Assessment is based on Last 12 months Average Bank Balance in Personal Account, in case income documents are not available


• Top up Loan available for existing customers as well as for take over accounts – 20% of the existing loan amount (at the time of sanction) or Rs.25.00 lacs whichever is lower, who are having regular repayment track history for at least 12 months.

Processing fees

0.50% of loan amount (Minimum Rs 5000 +Service Tax; Maximum Rs 10000.00).

Penal Interest

2% p.a. for the defaulted amount for the defaulted period.[/vc_column_text][/vc_column][/vc_row][/vc_section][vc_section 0=""][vc_row 0=""][vc_column 0=""][vc_empty_space][/vc_column][/vc_row][/vc_section][vc_section 0=""][vc_row 0=""][vc_column 0=""][vc_column_text]

Loan EMI Calculator

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